Alarko Gayrimenkul Yatirim Ortakligi Stock Forecast

Alarko Gayrimenkul Yatirim Ortakligi stock upgraded to Hold/Accumulate.
(Updated on May 10, 2024)

ALGYO.IS Signals & Forecast

The Alarko Gayrimenkul Yatirim Ortakligi stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately TRY 45.33. On a fall, the stock will find some support from the long-term average at approximately TRY 44.01. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, May 02, 2024, and so far it has fallen -3.68%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Alarko Gayrimenkul Yatirim Ortakligi stock

Alarko Gayrimenkul Yatirim Ortakligi finds support from accumulated volume at TRY 44.28 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved TRY 0.86 (1.94%) between high and low. For the last week, the stock has had daily average volatility of 3.31%.

Our recommended stop-loss: TRY 42.82 (-4.85%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 6 days ago.)

Trading Expectations (ALGYO.IS) For The Upcoming Trading Day Of Monday 13th

For the upcoming trading day on Monday, 13th we expect Alarko Gayrimenkul Yatirim Ortakligi A.S. to open at TRY 44.91, and during the day (based on 14 day Average True Range), to move between TRY 43.56 and TRY 46.44, which gives a possible trading interval of +/-TRY 1.44 (+/-3.19%) up or down from last closing price. If Alarko Gayrimenkul Yatirim Ortakligi A.S. takes out the full calculated possible swing range there will be an estimated 6.39% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at TRY 44.28 (1.60%) than the resistance at TRY 46.96 (4.36%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Alarko Gayrimenkul Yatirim Ortakligi A.S. stock A Buy?

Alarko Gayrimenkul Yatirim Ortakligi holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.524 Hold/Accumulate Upgraded

Predicted Opening Price for Alarko Gayrimenkul Yatirim Ortakligi A.S. of Monday, May 13, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.